"We retained stadium specialists some months ago to advise us on suitable sites for a permanent club stadium in the local Coventry area.

"This will involve a substantial further investment in Coventry City," Fisher said.

"Given the current position with the Ricoh Arena, we have had also to make contingency plans to fulfil our fixtures on an interim basis, while we begin to deliver the long-term vision. That process is also well under way.

"We will ensure that all the fans are kept fully informed as the situation develops and the upcoming fan meetings will provide a further opportunity for discussion."